2024

Bitcoin

Rekt

Coin

<ul class="news-points"> 
 <li><strong>A close below Bitcoin’s higher low trend line could signal the start of a bearish trend and market breakdown.</strong></li> 
 <li><strong>Bitcoin’s weak rebound from the uptrend line raises questions about its market resilience and future growth potential.</strong></li> 
 <li><strong>Fluctuating support and resistance levels within Bitcoin’s weekly range are key indicators for predicting its future market direction.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/btc-eth-and-xrp-are-overheated-but-opportunity-remain-present/">The cryptocurrency market, particularly Bitcoin,</a> has always been the subject of intense scrutiny and speculation. According to Rekt Capital, a crypto analyst, the technical uptrend supporting Bitcoin’s price has faltered. This shift in market dynamics calls for a closer examination of Bitcoin’s current standing and potential future trajectory.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BTC</a> <br><br>There we go – there was reason to believe the technical uptrend was weakening and it has finally been lost as support<br><br>Turn this blue technical uptrend into new resistance upon rebound would pose further sell-side pressure on the ~$41200 (black)<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> <a href="https://t.co/r5uxVNlMWT" target="_blank" rel="nofollow">https://t.co/r5uxVNlMWT</a> <a href="https://t.co/yRR0ci5Hjh" target="_blank" rel="nofollow">pic.twitter.com/yRR0ci5Hjh</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1748316961455460524?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 19, 2024</a>
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<p>At press time, BTC traded at<a href="https://coinstats.app/coins/bitcoin/" target="_blank" rel="nofollow"> $41,362.87</a>, with a market capitalization of around $835.45 billion…</p>
<p>The post <a href="https://coinedition.com/bitcoin-at-crossroads-weak-rebounds-and-potential-breakdowns-in-focus/">Bitcoin at Crossroads: Weak Rebounds and Potential Breakdowns in Focus</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin at Crossroads: Weak Rebounds and Potential Breakdowns in Focus

Coin Edition

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